Sarasota Corporation had the following tax information: Year Taxable income Tax Rate Taxes Paid 2017 $ 388,000 31% $ 120,280 2018 310,000 30% 93,000 2019 401,000 30% 120,300 In 2020, Sarasota suffered a net operating loss of $552,000, which it decided to carry back. The 2020 enacted tax rate is 25%. Prepare Sarasota's entry to record the effect of the loss carryback. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Year Account Titles and Explanation Debit Credit 2020 Income Tax Receivable 156,600 Current Tax Benefit 156,600